Revival of subsidy for the naphtha-based fertiliser plants  

October 10, 2014

Under the new Investment Policy for New Urea Plants, the government has sought the private sector applicants to provide bank guarantee of Rs300 crore that would be released related to various stages of completion of the project

AK Ramdas

Last week, Madras Fertilisers Ltd (MFL) went off production lines; this was preceded earlier by the Southern Indian Petrochemicals Ltd (SPIC) and Mangalore Chemicals & Fertilisers Ltd (MCFL) who use naphtha as feed stock for making urea.

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